Register to Subscribe



Home arrow News arrow Business News arrow Lakshmi Machine Works Q1 sales & net profit down nearly 5%
Lakshmi Machine Works Q1 sales & net profit down nearly 5% Print E-mail
Written by Vijay   
Friday, 25 July 2008
Coimbatore: Lakshmi Machine Works Ltd has announced its Unaudited results for the quarter ended June 30, 2008. The company's net sales and income, this quarter, is down nearly 5%, compared to last year.

There was a decline in earnings from the company's textile machinery division. However the machine tool and foundry divisions have registered growth.

LMW posted a net profit after tax of Rs 477.388 million for the quarter ended June 30, 2008 as compared to Rs 492.588 million for the quarter ended June 30, 2007.

LMW's machine tool and foundry divisions registered a revenue of Rs 442.2 million for the quarter ended June 30, 2008 as compared to Rs 414.1 million for the quarter ended June 30, 2007.

Total Income has decreased from Rs 5006.248 million for the quarter ended June 30, 2007 to Rs 4842.942 million for the quarter ended June 30, 2008.

According to a report carried in the Business Line the fall in revenue was due to a decline in earnings from the company's main source of income - the textile machinery division.

The textile machinery division registered a revenue of Rs 4303.2 million for the quarter ended June 30, 2008 as compared to Rs 4526.0 million for the quarter ended June 30, 2007.

 
Related news
More recent
Earlier on
< Prev   Next >

Sponsors

Mazak - The world's largest machine tool builder
JYOTI - India's most dynamic machine builder
TaeguTec - Cost effective tooling solutions
Advertisement

<< SHARE

Social

AD

Subscribe

Subscribe to MACHINIST by Email

Search

 
RSS 1.0
© 2020 MACHINIST
This site is best viewed with Firefox 2.0 or higher at a minimum screen resolution of 1024x768